This Week in Boston Real Estate: Power station plans, year-end records and more

Plans to redevelop the site of a decommissioned South Boston power plant into more than 1,000 new apartments and condos may have hit a snag. The Boston Herald reported Jan. 15 that the Conservation Law Foundation is petitioning the Massachusetts Port Authority (Massport) to reconsider the plans, given that the development site sits within an area currently restricted to industrial use only.

Further, the CLF claims Massport’s past business relationship with developer Redgate Capital Partners constitutes a conflict of interest. Redgate was previously contracted by Massport for consulting services that ended in 2014, according to the agency. The CLF argues that the power station project is only moving forward “on the implicit assumption that Massport would lift the prohibition on residential use of the parcel.” A statement submitted to the Herald from Massport and Redgate counters that no such conflict of interest exists. “Redgate is not currently a consultant for Massport, nor have we been since before we purchased the property in 2016,” Redgate principal Ralph Cox said in the statement. “We continue to work with a variety of stakeholders to establish the conditions on which residential development can occur at the site without creating conflicts for the continued operation and growth of

Article From: "Andrew Morrell"   Read full article

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